Topic: Could someone explain with the Tether Coin / Dollar is? (Read 482 times)
Omni asset backed by a reserve of dollars. Tether like the name says, is pegged to the $1 value of BTC.
I've seen it on many sites and even referenced here in a couple of posts but have no clue what it is in the least and it's price points seems to stick around the $1.00 to .9999 mark which would seem to say that it's tethered to the $1 mark in USD but I have no clue how it's used at all.
Enlighten me and thank you all
Enlighten me and thank you all
Hey squatz1,
You can check out the Tether white paper at https://tether.to/wp-content/uploads/2015/04/Tether-White-Paper.pdf
It explains the method by which the USD₮ tokens are pegged to the 1:1 fiat currency reserve.
Craig
Please check https://tether.to/legal. If that doesn't scare you off Tether I don't know what would.
Please check https://tether.to
I've seen it on many sites and even referenced here in a couple of posts but have no clue what it is in the least and it's price points seems to stick around the $1.00 to .9999 mark which would seem to say that it's tethered to the $1 mark in USD but I have no clue how it's used at all.
Enlighten me and thank you all
Enlighten me and thank you all
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